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Press Release:

Global Next-Generation Firewall Market to Grow at 13.83% During 2022-2027, Catalyzed by Development of Cybersecurity Infrastructure

COVID-19
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Next-Generation Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global next-generation firewall (NGFW) market reached a value of US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2027, exhibiting a CAGR of 13.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

The NGFW refers to the third generation of network firewalls that manages and secures data transmitted from routers, servers and switches. It is often integrated with intrusion prevention and cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between safe and unwanted applications. In comparison to the previously used firewalls, NGFW can use both dynamic and static packet filtering that ensures the advanced security of the connections in the network. Owing to this, these solutions find extensive applications across the banking, financial services and insurance (BFSI), government and public sector, retail, healthcare, education, information technology (IT), energy and manufacturing industries.

Next-Generation Firewall Market Trends:

The rising threat of cyberattacks, along with the rapid adoption of the internet of things (IoT) technology across various industries, is one of the key factors driving the growth of the market. Owing to the increasing usage of bring your own device (BYOD), smartphones, social media, and cloud services, there is a significant rise in the instances of data thefts. This is encouraging organizations to adopt advanced security measures, such as NGFW, for data protection. Furthermore, increasing product adoption by the BFSI sector is acting as another growth-inducing factor. Resulting from an increasing need to protect high volumes of sensitive data, along with the widespread adoption of digital currency across the globe, banking institutions are adopting NGFW to secure payment gateways and transaction portals. Additionally, various technological advancements, such as the development of highly configurable and scalable NGFW systems, are also creating a positive outlook for the market. Other factors, including increasing governmental spending on improving cybersecurity systems and extensive research and development (R&D) activities, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global next-generation firewall market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment type, security type, organization size and vertical.

Breakup by Type:

  • Solutions
    • Hardware Solutions
    • Software Solutions
  • Services
    • System Integration Services
    • Consulting Services
    • Support and Maintenance Services
    • Training and Education Services
    • Managed Services
       

Breakup by Deployment Type:

  • Cloud-based
  • On-premises
     

Breakup by Security Type:

  • Firewall
  • Unified Threat Management
  • Network Security
  • Identity Based Security
  • Others
     

Breakup by Organization Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises
     

Breakup by Vertical:

  • Banking, Financial Services and Insurance (BFSI)
  • IT and Telecom
  • Government and Public Utilities
  • Retail
  • Education
  • Healthcare
  • Energy and Utilities
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Barracuda Networks Inc., Check Point Software Technologies, Cisco Systems, Forcepoint LLC, Fortinet Inc., Gajshield Infotech Pvt Ltd., Hillstone Networks Co., Juniper Networks Inc., Palo Alto Networks Inc., Sonicwall Inc., Sophos Ltd. and Zscaler Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Deployment Type, Security Type, Organization Size, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Barracuda Networks Inc., Check Point Software Technologies, Cisco Systems, Forcepoint LLC, Fortinet Inc., Gajshield Infotech Pvt Ltd., Hillstone Networks Co., Juniper Networks Inc., Palo Alto Networks Inc., Sonicwall Inc., Sophos Ltd. and Zscaler Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Next-Generation Firewall Market
    5.1    Market Overview
    5.2    Market Performance
    5.3   Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Hardware Solutions
           6.1.2.2 Software Solutions
        6.1.3 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 System Integration Services
           6.2.2.2 Consulting Services
           6.2.2.3 Support and Maintenance Services
           6.2.2.4 Training and Education Services
           6.2.2.5 Managed Services
        6.2.3 Market Forecast
7   Market Breakup by Deployment Type
    7.1    Cloud-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Security Type
    8.1    Firewall
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Unified Threat Management
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Network Security
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Identity Based Security
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Organization Size
    9.1    Small and Medium Enterprises (SMEs)
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Large Enterprises
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Vertical
    10.1    Banking, Financial Services and Insurance (BFSI)
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    IT and Telecom
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Government and Public Utilities
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Retail
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Education 
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Healthcare
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Energy and Utilities
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Barracuda Networks Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Check Point Software Technologies
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis 
        15.3.3    Cisco Systems
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis 
        15.3.4    Forcepoint LLC
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Fortinet Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis 
        15.3.6    Gajshield Infotech Pvt. Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Hillstone Networks Co.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Juniper Networks Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis 
        15.3.9    Palo Alto Networks Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
        15.3.10    Sonicwall Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Sophos Ltd.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
        15.3.12    Zscaler Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials

List of Figures

Figure 1: Global: Next-Generation Firewall Market: Major Drivers and Challenges
Figure 2: Global: Next-Generation Firewall Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Next-Generation Firewall Market: Breakup by Type (in %), 2021
Figure 4: Global: Next-Generation Firewall Market: Breakup by Deployment Type (in %), 2021
Figure 5: Global: Next-Generation Firewall Market: Breakup by Security Type (in %), 2021
Figure 6: Global: Next-Generation Firewall Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Next-Generation Firewall Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Next-Generation Firewall Market: Breakup by Region (in %), 2021
Figure 9: Global: Next-Generation Firewall Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Next-Generation Firewall (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Next-Generation Firewall (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Next-Generation Firewall (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Next-Generation Firewall (Services) Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 14: Global: Next-Generation Firewall (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Next-Generation Firewall (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Next-Generation Firewall (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Next-Generation Firewall (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Next-Generation Firewall (Firewall) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Next-Generation Firewall (Firewall) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Next-Generation Firewall (Unified Threat Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Next-Generation Firewall (Unified Threat Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Next-Generation Firewall (Network Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Next-Generation Firewall (Network Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Next-Generation Firewall (Identity Based Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Next-Generation Firewall (Identity Based Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Next-Generation Firewall (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Next-Generation Firewall (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Next-Generation Firewall (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Next-Generation Firewall (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Next-Generation Firewall (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Next-Generation Firewall (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Next-Generation Firewall (Banking, Financial Services and Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Next-Generation Firewall (Banking, Financial Services and Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Next-Generation Firewall (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Next-Generation Firewall (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Next-Generation Firewall (Government and Public Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Next-Generation Firewall (Government and Public Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Next-Generation Firewall (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Next-Generation Firewall (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Next-Generation Firewall (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Next-Generation Firewall (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Next-Generation Firewall (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Next-Generation Firewall (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Next-Generation Firewall (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Next-Generation Firewall (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Next-Generation Firewall (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Next-Generation Firewall (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia Pacific: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia Pacific: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Next-Generation Firewall Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Global: Next-Generation Firewall Industry: SWOT Analysis
Figure 97: Global: Next-Generation Firewall Industry: Value Chain Analysis
Figure 98: Global: Next-Generation Firewall Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Next-Generation Firewall Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Next-Generation Firewall Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Next-Generation Firewall Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: Global: Next-Generation Firewall Market Forecast: Breakup by Security Type (in Million US$), 2022-2027
Table 5: Global: Next-Generation Firewall Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 6: Global: Next-Generation Firewall Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 7: Global: Next-Generation Firewall Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Next-Generation Firewall Market: Competitive Structure
Table 9: Global: Next-Generation Firewall Market: Key Players


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Key Questions Answered in This Report

The global next-generation firewall (NGFW) market was valued at US$ 4.4 Billion in 2021.

We expect the global next-generation firewall (NGFW) market to exhibit a CAGR of 13.83% during 2022-2027.

The rising applications of Next-Generation Firewall (NGFW) system across the BFSI sector to protect sensitive data as well as secure payment gateways and transaction portals are primarily driving the global next-generation firewall (NGFW) market.

The sudden outbreak of the COVID-19 pandemic has led to the rising deployment of remote working and BYOD models resulting in the increasing demand for next-generation firewall systems across several organizations to ensure the advanced security of the connections in the network.

Based on the type, the global next-generation firewall (NGFW) market can be segmented into solutions and services. Currently, solutions hold the majority of the total market share.

Based on the deployment type, the global next-generation firewall (NGFW) market has been divided into cloud-based and on-premises, where cloud-based deployment currently exhibits a clear dominance in the market.

Based on the security type, the global next-generation firewall (NGFW) market can be categorized into firewall, unified threat management, network security, identity based security, and others. Among these, firewall accounts for the majority of the global market share.

Based on the organization size, the global next-generation firewall (NGFW) market has been segregated into Small and Medium Enterprises (SMEs) and large enterprises. Currently, large enterprises hold the largest market share.

Based on the vertical, the global next-generation firewall (NGFW) market can be bifurcated into Banking, Financial Services and Insurance (BFSI), IT and telecom, government and public utilities, retail, education, healthcare, energy and utilities, and others. Among these, the Banking, Financial Services and Insurance (BFSI) sector currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global next-generation firewall (NGFW) market include Barracuda Networks Inc., Check Point Software Technologies, Cisco Systems, Forcepoint LLC, Fortinet Inc., Gajshield Infotech Pvt Ltd., Hillstone Networks Co., Juniper Networks Inc., Palo Alto Networks Inc., Sonicwall Inc., Sophos Ltd., Zscaler Inc., etc.

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